Business & Markets

Perspective: Rebalancing Texas’ Grid the Right Way

On the afternoon July 11, the part of the Texas electric grid managed by the Electricity Reliability Council of Texas (ERCOT) produced roughly 80,000 megawatts (MW) of electricity.

Bulgaria Secures Deal to Receive US LNG Gas Deliveries from October

Bulgaria has secured seven cargo shipments of U.S. LNG from October to ensure gas inflows in the winter, outgoing Prime Minister Kiril Petkov said on Thursday, adding the deal still had to be confirmed by the next government by Aug. 19.

Archaea Signs 5-Year Renewable Natural Gas Agreement with UGI Utilities

Archaea Energy Inc., an industry leading renewable natural gas (RNG) company, said on Wednesday it has entered a medium-term RNG purchase and sale agreement with Pennsylvania-based natural gas and electric company UGI Utilities Inc.

TC Energy Hikes 416-Mile Gas Pipeline Cost 70% to Nearly $9 Billion

TC Energy Corp. said it expects its Coastal GasLink pipeline project to cost $8.72 billion, nearly 70% higher than initially budgeted. First announced in 2018, the 416-mile pipeline is being built to transport natural gas across Canada.

US Natural Gas Futures Hold Steady Ahead of Storage Report

U.S. natural gas futures held steady on Thursday as the market waits for direction from a federal report expected to show a smaller than usual storage build last week as power generators burned lots of gas to keep air conditioners humming.

Algeria, Niger and Nigeria Sign Deal for $13 Billion Saharan Gas Pipeline

Algeria, Nigeria and Niger have signed a memorandum of understanding to build a natural gas pipeline across the Sahara Desert, Algeria's energy minister said on Thursday.

PM Sanchez: Spain Has Capacity to Become Gas Hub in Europe

Spain has the capacity to become a gas hub for Europe to help support regional efforts to curb dependence on Russian gas, Spanish Prime Minister Pedro Sanchez told a news conference with his Polish counterpart on Wednesday.

Australian Unions Extend Strike at Shell's LNG Facility

Unions extended industrial action on Tuesday until Aug. 11 over a long-running wage dispute at Shell Plc's Prelude floating liquefied natural gas facility.

NextDecade Strikes 20-Year LNG Supply Deal with Exxon Mobil

NextDecade Corp. has entered a 20-year sale and purchase agreement with an affiliate of Exxon Mobil for the supply of LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.

EIA: US Becomes Top LNG Exporter in First Half of 2022

The United States became the top LNG exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country increased supply to Europe amid the Ukraine crisis.

Cheniere Inks 20-Year LNG Supply Deal with Thailand’s PTT

Cheniere Energy Inc. has entered an agreement to supply 1.0 MTPA of LNG for 20 years beginning in 2026 to a subsidiary of PTT Public Co. Ltd., Thailand’s largest state-owned energy company, to supply.

Brazil's Unigel Secures $120 Million Investment for Green Hydrogen Project

Brazilian chemical maker Unigel has announced plans to build a green hydrogen plant in the northeastern state of Bahia and has secured an initial investment of $120 million, with the goal of making it one of the largest of its kind in the world.

NTT to Study Hydrogen Transportation Through Existing Pipelines

NTT Anode Energy Corp. has launched a research and development project to study safety measures for the mass transportation of hydrogen through existing pipeline infrastructure.

Snam, Edison Team Up to Develop Small-Scale LNG Market in Italy

Italy's gas infrastructure group Snam and France's EDF unit Edison said on Monday they signed a memorandum of understanding to work together to develop small-scale LNG.

Chancellor Scholz: Selling Germany Hydrogen a Big Opportunity for Egypt and The World

Germany and Egypt have agreed to cooperate on building out the hydrogen economy as part of Europe's efforts to diversify away from its current dependence on Russian gas, German Chancellor Olaf Scholz said after meeting with the Egyptian President.

Keystone Pipeline Disruption Seen as Having Low Impact on Oil Deliveries

Reduced flow rates on the 590,000 barrel-per-day Keystone pipeline are having only a slight impact on oil deliveries, analysts at consultancy Wood Mackenzie said last week, following operator TC Energy's decision to declare force majeure.

EU Pursuing Gas from Nigeria in Preparation for Russian Supply Cuts

The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission's energy department, said on Saturday.

FERC OKs Natural Gas Pipeline Projects Aimed at US Exports

In the first quarter of 2022, the Federal Energy Regulatory Commission (FERC) approved three projects intended to increase U.S. natural gas exports via pipeline and as liquefied natural gas (LNG).

Taking a Look at 5 Opportunities in a Hydrogen Economy

The United States and many other countries have set goals to reach carbon neutrality by 2050 or sooner. To achieve this end, entire economies will need to be decarbonized.

Can US Port Infrastructure Handle More Crude Exports?

U.S. crude shippers are exporting huge amounts of oil to meet strong demand from Europe following Russia's invasion of Ukraine and subsequent sanctions against Moscow. In coming years U.S. oil may find even more buyers overseas, but that could test the capabilities of U.S. export infrastructure.

Pipelines Flow Small Amounts of Natural Gas to Shuttered Freeport LNG Plant in Texas

Small amounts of natural gas were flowing from interstate pipelines to Freeport LNG's shuttered liquefied natural gas export plant in Texas this week.

Eni to Receive Increased Gas Volumes from Gazprom

Eni said on Thursday it would receive about 36 million cubic meters of gas from Russia's Gazprom, up from the daily average volumes of the last 10 days.

Russia to Resume Gas Flows on Nord Stream 1 at 30% Capacity

The head of Germany's energy regulator on Wednesday said the Nord Stream 1 pipeline would resume at around 30% capacity when its maintenance period ends on Thursday.

Cheniere Strikes LNG Supply Deal with PetroChina International

Cheniere Energy Inc. has entered into a long-term LNG sale and purchase agreement to supply up to approximately 1.8 million tonnes per annum of LNG to a subsidiary of PetroChina.

Germany Plans to Build Fifth Floating LNG Terminal by Year End

A fifth floating LNG terminal, to be located about 250 km (155 miles) north of Berlin, will be built by a private consortium, in addition to the four already planned by the government, the country's economy ministry said on Tuesday.

Portugal's Sines Port Set to Ship LNG to Rest of Europe

Portugal's Sines port is ready to start onward shipment of LNG, which arrives in large tankers and will be transferred to smaller vessels to head to other European states, a government spokesman said on Tuesday.

Algeria to Sign $4 Billion Gas Supply Deal with Italy

Algeria will supply "very big volumes of gas" to Italy through a $4 billion deal, President Abdulmadjid Tebboune said on Monday, hailing a "strategic partnership" with Rome during a visit by Italian Prime Minister Mario Draghi.

EverGen Infrastructure Buys 67% Interest in Alberta-based RNG Facility

EverGen Infrastructure Corp. said it has completed the acquisition of a 67% interest in Grow the Energy Circle Ltd., an Alberta-based renewable natural gas (RNG) facility.

Czechs to Get Capacity Boost Through TAL Oil Pipeline

The Czech Republic will be able to raise daily capacity for crude oil deliveries coming via the TAL pipeline, Prime Minister Petr Fiala said on Thursday after the country got clearance from German authorities.

ConocoPhillips Buys 30% Stake in Sempra's Port Arthur LNG Project

ConocoPhillips on Thursday agreed to take a 30% stake in Sempra Energy's proposed Port Arthur, Texas, LNG plant, advancing the long-delayed gas export project.